Video Player is loading.

Up next


What are NFT's in Crypto? (Non-Fungible Tokens!) - Beginner's Guide

Rod Rios
Rod Rios - 538 Views
10
538 Views
Published on 29 Mar 2021 / In Technology

This is a simple explanation of what NFT's, or Non-Fungible Tokens, are in cryptocurrency and blockchain technology for beginners.

โ™ฅ Link to Buy an Unstoppable Domain -
https://unstoppabledomains.com/r/cryptocasey


======== $25 Worth of FREE Crypto from Crypto.com ========

โ™ฅ Crypto.com Signup - http://platinum.crypto.com/r/cryptocasey - Type in Referral Code: CryptoCasey and we both get $25 ๐Ÿ™‚

โ™ฅ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100: https://www.coinbase.com/join/....57605a33b9140001c900

โ™ฅ BC Vault Crypto Hardware Wallet Link - https://bc-vault.com/shop/bc-vault/?wpam_id=22

โ™ฅ Ledger Nano X & S Hardware Wallets: https://www.ledgerwallet.com/r/befe

โ™ฅ Link to Join Ivan on Tech Academy at a Discount - https://academy.ivanontech.com/a/30997/8Vj9oDiu

โ™ฅ Link to Apply to Crypto Casey Beta Course - https://CryptoCasey.com/Beta

โ™ฅ Link to Choice Bitcoin Retirement - https://www.retirewithchoice.com?kid=1B8081

To check out the links to all of the articles we discuss, go to https://CryptoCasey.com/Last-Week-Crypto.


======== TABLE OF CONTENTS ========

00:00 - Introduction
00:36 - 3 Key Concepts to Understand NFT's Better
01:06 - Subjective vs Objective Value
04:29 - What is a Market?
06:06 - Fungible vs Non-Fungible Assets
08:21 - Definition of Tokens
09:22 - What is Blockchain?
09:45 - Decentralization
10:49 - Transparency
11:58 - Immutability
12:39 - What is An NFT, or Non-Fungible Token?
14:37 - NFT's Available on OpenSea.io NFT Marketplace
12:50 - Unstoppable Domains NFT''s
16:45 - Standardization
18:31 - ERC-721 Standard
20:20 - ERC-998
21:09 - ERC-1155
22:45 - Tradeability
23:34 - Liquidity
24:45 - Immuteability
25:15 - Programmability
25:35 - How NFT's Could be Used in the Future
28:20 - Current Cons of NFT's
29:52 - Outro


======== VIDEO SUMMARY ========

This is a video guide for beginners all about NFT's or Non-Fungible Tokens.

We will discuss what NFTโ€™s are, how they are created, how they are being used now, and how they can be used in the future.

A non-fungible token is simply a representation of a unique digital asset that cannot be equally swapped or traded for another NFT of the same type.

So non-fungible tokens can represent digital art, a ticket to an event, an in-game item, virtual property in a virtual world, or even a real-world asset like a deed or title to actual land in the physical world.

Blockchain adds unique properties to digital assets by giving people ownership, management permissions, and transferability on a decentralized, transparent, and immutable platform.

Blockchain technology provides a coordination layer that will impart 6 key properties onto digital assets, all predicated on immutability which are: standardization, interoperability, tradeability, liquidity, immutability, & programmability.


======== LINKS TO ACCESS SITES SAFELY ========

โ™ฆ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100: https://www.coinbase.com/join/....57605a33b9140001c900

โ™ฆ Kraken Exchange Link: https://r.kraken.com/r5XmG

โ™ฆ KuCoin Exchange Link - https://www.kucoin.com/ucenter..../signup?rcode=2Q2fbR

โ™ฆ Binance Signup Link: https://www.binance.com/?ref=11055137

โ™ฆ Bittrex Signup Link: https://bittrex.com/Account/Re....gister?referralCode=

โ™ฆ Coinmama Signup Link - https://go.coinmama.com/visit/?bta=51862&nci=5343

โ™ฆ BitBuy Canadian Exchange Link - http://go.bitbuy.tech/aff_c?offer_id=3&aff_id=1007

โ™ฆ Recommended Hardware Wallet:
Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe

โ™ฆ BC Vault Crypto Hardware Wallet Link - https://bc-vault.com/shop/bc-vault/?wpam_id=22


======== ESSENTIAL CRYPTO RESOURCES ========

โ™ฆ Recommended Hardware Wallet:
Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe

โ™ฆ Recommended 2nd Hardware Wallet:
Trezor Model T Link - https://shop.trezor.io/[email protected]

โ™ฆ Recommended Malware Protection for Computer & Mobile Devices:
MalwareBytes Link - http://www.tkqlhce.com/click-8628825-12849560

โ™ฆ Recommended Encrypted Email Account for Managing Cryptocurrency Accounts:
ProtonMail Link - http://proton.go2cloud.org/SH1f

โ™ฆ Recommended Crypto Tax Solution:
CryptoTrader Link - https://www.cryptotrader.tax/?fp_ref=casey80


======== SOCIAL MEDIA LINKS ========

โ— Twitch - https://twitch.tv/cryptocasey/

โ— Facebook Page - https://www.facebook.com/cryptocasey/

โ— Twitter: https://twitter.com/cryptocasey

โ— Instagram: https://www.instagram.com/cryptocasey/

โ— Telegram: https://t.me/cryptocaseychat/

โ— Business Contact - [email protected]

โ— Website - https://CryptoCasey.com/

โ— Podcast - https://cryptocasey.buzzsprout.com/


======== DONATIONS ========

โ™ฅ BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G

โ™ฅ ETH - 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4

Show more
0 Comments sort Sort by

Up next